Calculate your 2015 income tax combined federal and provincial tax bill in the following each province and territory of Canada. Please note that our Canadian income tax calculator for the Year 2015 – 2016 doesn’t reflect the CPP and EI deductions or contributions.

RRSP Contribution Limit 2015The maximum RRSP contribution limit for 2015 is $24,930 (comparing to the last year 2014, $660 of RRSP limit has been increased for the year 2015). However, if you did not use all of your RRSP contribution limit for the years 1991-2014, you can carry forward the unused amount to 2015. Therefore, your RRSP contribution limit for 2015 may be more than $24,930.

First, you can calculate your income tax combined federal and provincial tax bill in each province and territory of Canada by entering your annual income. And then you can estimate your tax refund by entering your taxes paid, RRSP contributions and capital gains for the year 2014 – 2015.

RRSP Over-Contributions Penalty / Excess Contributions
You are subject to a penalty of 1% per month on the portion of your RRSP contribution that exceeds your lifetime over-contribution limit of $2,000. The $2,000 is reduced when you have a negative RRSP deduction limit which may be due to a Past Service Pension Adjustment (PSPA) amount. Also, you can only qualify for the additional $2,000 amount if you were 19 or older than 19.

RRSP Contribution Limit 2014 | Find out 2015 RRSP Contribution Limit
The maximum RRSP contribution limit for 2014 is $24,270 (comparing to the last year, 2013, $450 of RRSP limit has been increased for the year 2014) . However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014. Therefore, your RRSP contribution limit for 2014 may be more than $24,270.